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FSA confirms new rules that will hard-wire common sense into the mortgage market
The Financial Services Authority (FSA) has published new rules that put common sense at the heart of the mortgage market and will prevent future borrowers ending up with a mortgage they cannot afford. The new rules, the outcome of …
Precise Mortgages putting intermediaries and their clients first with Brightstar semi exclusive
Precise Mortgages’ distributor, Brightstar Financial, is offering a 2.89% 2 year fixed rate prime mortgage for purchase clients with no arrangement fees and says it is refreshing to see a lender actively engaging the broker market for prime business. …
Multi-million pound boost will help buyers onto the housing ladder
First time buyers will from today benefit from a multi-million pound boost to help them onto the housing ladder said Housing Minister Mark Prisk. The Minister announced the first allocations from a £280million pot to help a further 16,500 …
Why direct only mortgage products may not be so great for borrowers
HSBC and Halifax have recently launched direct only mortgage deals, in contrast Precise Mortgages recently launched prime products that are competitive across all LTV bands up to 80% are only available through intermediaries. Alan Cleary managing director of Precise …
‘Strong growth in exhibitor and delegate registrations,’ says MBE London 2012
Mortgage Business Expo London 2012, the UK’s largest exhibition for the financial intermediary market, has today (11th October 2012) announced strong ongoing growth in both exhibitor numbers and delegate registrations with just over a month to go until the …
Paradigm call for greater shift towards personalised underwriting
Paradigm Mortgage Services, the mortgage services proposition, is today (8th October 2012) calling on the mortgage lending community to adopt a more individual and personal approach to underwriting in light of recent discussions with its broker members. While the …
Exact wins £250m servicing contract
Exact, the mortgage servicing and asset management business has completed a project to source, value and carry out due diligence on a £250 million UK mortgage book and as a result is now in the process of boarding the …
Keystone Buy to Let Mortgages reduces its five year fixed rates by 0.55%
Keystone Buy to Let Mortgages has reduced its five year fixed rates by 0.55%, now starting at 5.48% up to 75% LTV, to reflect the lower, longer term cost of funds in the market. Five year fixed rates for …
Gross mortgage lending declines in September
The Council of Mortgage Lenders estimates that gross mortgage lending in September was £11.6 billion. This is 10% lower than August’s gross lending figure of £12.9 billion and a 15% fall from £13.7 billion in September 2011. Gross lending …